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Alternative Market Briefing

Pan-European asset managers face new challenges with Brexit

Monday, June 20, 2016

Komfie Manalo, Opalesque Asia:

With the long anticipated referendum in less than one week away, the earlier certainty of remaining within the EU has made way for uncertainty and possible uncharted territory. Global financial services firm Privium Fund Management said that for the Pan-European asset management industry this is now a threat they have to face and prepare for.

Clayton Heijman, director of Privium Fund commented "Several of our portfolio managers run funds with investors based across many parts of the European Union, both in the United Kingdom as well as Continental Europe. Following a possible Brexit result, the rules for distribution to these two groups of investors are very likely to change. Privium Fund Management offers its portfolio managers regulated support for management and distribution in both the UK as well as the other EU jurisdictions. We are satisfied that having a regulated entity in two of the largest institutional asset pools will help to cover distribution issues going forward. It will support portfolio managers on both sides of the English Channel with just a 45-minute flight between them."

He added that in the asset management industry today, investor due diligence questionnaires often refer to disaster recovery plans and business continuity sites. With these items in mind Privium Fund wants to highlight its double management company approach within Europe. This results in a ......................

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